4975 Mcrae Street, Niagara Falls, ON L2E 1P2
$699,000
$699,000

4975 Mcrae Street

211 - Cherrywood, Niagara Falls, Niagara $699,000

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10 Beds
4 Baths
1500-2000 sqft
Parking for 6
South Facing
Zoning: R2
MLS®#:
X13448642
Property Type:
Duplex
Property Style:
2-Storey
Area:
Niagara
Community:
211 - Cherrywood
Taxes:
$3,795 / 2025
Added:
June 15 2026
Lot Frontage:
55
Lot Depth:
79
Status:
Active
Outside:
Brick,Vinyl Siding
Year Built:
100+
Basement:
Apartment,Separate Entrance,Full
Brokerage:
HOMELIFE/MIRACLE REALTY LTD
Lot :

79

55

Intersection:
BETWEEN 2ND AND 3RD AVE
Rooms:
Bedrooms:
10
Bathrooms:
4
Fireplace:
Utilities
Water:
Municipal
Cooling:
None
Heating Type:
Radiant
Heating Fuel:

Listing Details

Welcome to this stunning, non-conforming, move-in ready Multiplex (four units with three separate, above grade, independent units and one finished basement unit) having potential rental income of $53,700 per annum from above grade units (U1, U2, U3) and stay in the beautifully finished 2 bedroom basement for free. This house is completely renovated, freshly painted with many new appliances. It is in great location with minutes from downtown core, tourist attractions and GO Station. MAINFLOOR UNIT-THE LARGEST VACANT PERFECT OPPORTUNITY TO MOVE IN OR RE-RENT TO TENANT OF YOUR CHOICE! 1693 sqft brick and vinyl siding Two-storey, very well maintained property. 3 bedroom main floor apartment offers a spacious rental w/exclusive space of huge covered front porch. Main floor unit could easily rent for approximately $2300 per month (all inclusive). Upper VACANT 1 bedroom at the back is an adorable loft apartment w/gas fireplace, brand new vinyl flooring and completely renovated within the last few years with previous tenant paying $1300 (all inclusive). Upper bachelor apartment paying $875 (all inclusive). Many big ticket items completed: Rear stairs rebuilt, electrical updated, sump pump w/reverse flow valve and backup installed 2020, rear fence 2019, poured concrete walkway added, porch rebuilt 2019, most windows replaced 2019, front wall and half of each side of basement walls waterproofed w/ lifetime warranty 2019, main stack replaced 2018, main floor apartment: newer stairs carpet, newer vinyl flooring, newer dishwasher and fridge, updated bathroom, freshly painted, most LED fixtures changed throughout. Two driveways (a single and a double) offers plenty of tenant parking.

1 Fridge, 1 Stove, 1 dishwasher for front main unit U1. 1 Fridge, 1 Stove, for back right unit upstairs unit U2. 1 Fridge, 1 Stove, for back left unit upstairs unit U3. 1 Coin Washer and 1 Coin Dryer installed in shared laundry room Window ACs can be installed by the buyer at their own expense.

Insights

  1. Strong Rental Income Potential: The property has the potential to generate approximately $53,700 per year from the three above-grade rental units, making it an attractive investment opportunity for buyers looking for income-generating properties.
  2. Move-In Ready Condition: This fully renovated property is move-in ready, featuring modern appliances and fresh paint, allowing buyers to occupy or rent out the main floor unit immediately without additional renovations.
  3. Prime Location: Situated just minutes from downtown Niagara Falls and key tourist attractions, this property offers convenience and accessibility, enhancing its appeal to both tenants and future buyers.

Property Features

Hospital
Clear View
Fenced Yard
Library
Park
Place Of Worship

Sale/Lease History of 4975 Mcrae Street

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Neighborhood Overview

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211 - Cherrywood home prices

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Insights for 4975 Mcrae Street

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* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)